Original article by Ewin Hannan
The Australian – Page: 1 & 4 : 16-Jun-22
Prime Minister Anthony Albanese has welcomed the 5.2 per cent increase in the minimum wage, contending that many low-paid workers carried Australia through the pandemic. The minimum wage will rise by $40 a week to $812, while workers on higher award rates will receive a wage increase of 4.6 per cent. However, Australian Chamber of Commerce & Industry CEO Andrew McKellar says businesses face additional costs of $7.9bn, and he warns that they will either have to absorb the costs or pass them on to customers. The Australian Retailers Association’s CEO Paul Zahra says economic conditions for the retail sector are already challenging, and the minimum wage increase could force some to close.
CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN RETAILERS ASSOCIATION